Since last two weeks GBPJPY remain quite choppy and there is no real direction or hint of price action to suggest which way price is likely to move. So that best option is to wait for either the resistance or support to hit and look for price action on lower time frames to initiate a trade.

The resistance between 181.00 to 181.65 looks an important one and I am expecting strong rejection on retest of this zone. Whereas the support at 175.50 should create some buying opportunities.



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